" 始于卖资源的智算生意，搏的是当下的资本，还是对未来的确 信？ " 作者丨赵之齐 编辑丨胡敏 "未来智算业务一定会成为独立云厂营收的主要支柱，不然也没有别的支柱了"，算力行业人士王志苦笑。 2022年底，王志所在的独立云厂，也在卖CDN、公有云价格战中伤痕累累。当时云计算市场头部集中， 留给中小厂商的空间微乎其微；即便是成功上市的优刻得（UCloud）、青云科技、金山云等，持续的营 收下滑和亏损加剧，也已让资本们有些失去信心。 直到生成式AI的出现，独立云厂窥见新的希望，王志所在的公司开始了在智算领域的第一个尝试：卖资 源。他清晰地记得，2023年初完成了第一单A800机器成交后，脑中浮现出的第一个念头： "赌对了！" 当时，一台八卡的A800机器租赁价七八万一个月，市场已觉得有些昂贵，谁知，在那之后两年，算力价 格一度水涨船高——2023年底，英伟达推出的包括A800、A100、H800等五种特供显卡被列入禁令，加 上2024年的AI狂奔，有行业人士透露，A800服务器市价曾达到100-200万一台，H800服务器达到200- 300万一台，A100价格也从10万炒到了20万。而王志所在的公司，智算业务布 ...

Core Viewpoint - Wangneng Environment is transforming from a traditional solid waste treatment company to a green technology service provider by integrating solid waste treatment, renewable energy, and computing power services, leveraging the opportunity of the Huzhou "Zero Carbon Intelligent Computing Center" [1][3] Group 1: Solid Waste Treatment - Wangneng Environment demonstrates industry-leading capabilities in solid waste treatment, operating 21 waste incineration plants with a daily waste processing capacity of approximately 21,800 tons and generating over 8.31 million kWh of electricity daily [2] - The South Taihu Phase V project, utilizing innovative ultra-high pressure reheating technology, has improved thermal efficiency from 22% to 30%, achieving a power generation of 700 kWh per ton of waste, which is double the industry average [2] - The company has achieved a significant reduction in standard coal consumption by 1 million tons annually and maintains dioxin emissions below EU standards [2] Group 2: Renewable Energy and Green Initiatives - The South Taihu project, with a total capacity of 2,150 tons per day, is expected to provide ample green electricity resources for the intelligent computing center [1][2] - The first phase of the South Taihu project completed Zhejiang Province's first green certificate transaction for municipal waste incineration in February 2024, marking a breakthrough in green electricity value conversion [2] Group 3: Intelligent Computing and Smart Factory - The Huzhou Zero Carbon Intelligent Computing Center, which completed its filing on March 4, 2025, will rely on the company's waste incineration capacity to create a sustainable energy loop for computing power services [3] - The company has made significant advancements in smart factory construction, implementing a comprehensive information platform for monitoring the entire waste collection and production process, enhancing operational efficiency and management precision [3] - With the support of national policies aiming for a 15 trillion yuan scale in the energy-saving and environmental protection industry by 2030, Wangneng Environment is positioned to explore a broad market space [3]

Group 1: AI Industry Insights - The acceleration of Agent product deployment is expected to enhance the upward trajectory of the AI industry, with a faster pace of commercialization anticipated [1][13] - Major companies are updating their Agent products, with Microsoft focusing on local and cloud collaboration, Google developing a 2C Agent 3P strategy, and domestic firms like Kingdee and Kunlun Wanwei advancing their AI management platforms [13] Group 2: Financial Sector Developments - Recent financial policies have led to a non-symmetric interest rate cut, stabilizing bank interest margins, with positive factors accumulating for the banking sector's fundamentals [13] - The brokerage sector is expected to see continued strong growth in mid-year reports, supported by favorable liquidity and policy environments, with valuations stabilizing [13] Group 3: Corporate Announcements - Meituan reported a first-quarter revenue of 865.6 billion RMB, reflecting an 18.1% year-on-year increase, and an adjusted net profit of 109.5 billion RMB, up 46.2% [7] - Zijin Mining plans to spin off its subsidiary, Zijin Gold International, for a listing on the Hong Kong Stock Exchange, while maintaining control over it [8] - Gree Harmonic announced that its controlling shareholders plan to reduce their holdings by up to 3% of the company's shares [9] - Digital China intends to increase its stake in Digital China Holdings by up to 428 million RMB over the next 12 months [12]

Core Viewpoint - The merger between Haiguang Information and Zhongke Shuguang aims to enhance the integration of resources in China's AI industry, facilitating the development of comprehensive AI solutions and addressing industry gaps [1][2]. Group 1: Merger and Integration - The merger is seen as a beneficial attempt to "fill gaps and strengthen capabilities" in China's computing industry, leveraging technology complementarity and market resource reuse to achieve scale effects [2]. - The merger will allow both companies to pool their core strengths in high-end computing, storage, and cloud computing, enhancing their competitive edge in the AI sector [2][3]. - The merger is a strategic response to global industry trends and national strategic needs, promoting collaborative development and cost efficiency [2][3]. Group 2: Financial Performance - Haiguang Information reported a net profit of 1.931 billion yuan last year, a year-on-year increase of approximately 50%, with a 75% growth in the first quarter of this year [5]. - Zhongke Shuguang achieved a net profit of 1.911 billion yuan last year, with a 30% increase in the first quarter of this year [5]. Group 3: Strategic Focus and R&D - The companies plan to focus on high-end chip and solution development to enhance customer satisfaction and promote the large-scale application of domestic chips in key industries such as government, finance, and energy [3][6]. - Zhongke Shuguang aims to increase R&D spending and strengthen self-research capabilities in response to external challenges posed by U.S. sanctions, while also expanding its overseas market presence [6]. Group 4: Industry Positioning - Zhongke Shuguang has established a comprehensive industry chain layout covering chips, servers, cloud computing, and data services, positioning itself as a competitive player in the domestic computing industry [4]. - The company has successfully integrated liquid cooling technology into its IT equipment, achieving significant energy efficiency improvements in data center operations [7].

一、定增 1、广联航空：拟以支付现金方式购买天津跃峰科技2550万股股份，占标的公司总股份的51%。本次交 易完成后公司预计将实现对标公司的控股。 2、爱柯迪：定增购买卓尔博(宁波)精密机电股份有限公司71%股权申请获受理。 3、*ST松发：新增股份7.38亿股上市。 二、增持、股权转让、回购 1、新华医疗：控股股东拟增持1亿元-2亿元公司股份。 12、航天动力：全资子公司西安元新航天动力流体装备拟在产权交易机构预挂牌，通过增资扩股的方式 引入投资者，本次交易有利于公司变矩器及高端装备制造产业建设。 晚间公告 *免责声明：文章内容仅供参考，不构成投资建议 三、对外投资、日常经营 *风险提示：股市有风险，入市需谨慎 2、胜宏科技：初步确定询价转让价格为65.85元/股。 3、福立旺：询价转让价格为17.66元/股。 4、迈信林：股东询价转让价格为40元/股。 5、鸿博股份：回购注销215.28万股限制性股票。 1、平治信息：签订2.46亿元AI算力技术服务框架协议。 2、禾迈股份：签订10亿元户用光伏合作协议。 3、安琪酵母：拟实施无血清细胞培养基核心技术攻关工程项目，项目总投资估算2.3亿元。 4、晶澳科技： ...

万万没想到！ 老美持续不断地打压封锁咱们的AI智能产业 所以，接下来拥有算力+重组的企业值得大家高度重视！ 结果不仅让英伟达在中国市占率从95%下滑到了目前的50%，还让华为昇腾的出货量突破了接近四十万 张。 算力的国产替代已经开始！ 并且事实上近期全球都还在争夺算力高地！ 比如美国"星际之门"计划就提出，将在2029年前在美国本土投资5000亿美元，建设5～10个超算园区。 欧盟同样计划调动2000亿欧元投资AI领域，其中专门设立200亿欧元基金用于建设欧洲人工智能超级工 厂。 咱们这边也启动了东数西算超级工程，同时周末商务部再次强调要因地制宜支持国家级经开区算力基础 设施建设 而不同于以往的炒作，这次的算力的炒作将主要聚焦在重组领域！ 因为高层明确表示，要鼓励收购补链强链的未盈利硬科技资产，重点支持半导体、科技、人工智能、生 物医药等关键领域。 最后一家： 第一家，浙数文化 重组逻辑：公司依托浙江大数据交易中心推动"算力+数据"协同生态，提供AI算力租赁服务，近期中标 60亿元超算中心项目，拥有国企重组预期。 第二家，润欣科技 重组逻辑：与奇异摩尔签署合作协议，计划通过资产重组收购其100%股权。奇异摩尔 ...

A股算力产业链午后反弹，鸿博股份涨停，奥雅股份、城地香江、科泰电源、大位科技、润建股份等跟 涨。 ...

算力概念股震荡走强 鸿博股份午后涨停 智通财经5月26日电，鸿博股份午后涨停，宏景科技、奥雅股份、万马科技涨超5%，恒信东方、大位科 技、润泽科技、润建股份、思特奇等跟涨。 ...

将投中网设为"星标⭐"，第一时间收获最新推送 速览投资风口，掌握资本律动。 作者丨 长风 来源丨 东四十条资本 大家好，我是长风。今天给大家带来上周资本市场的专业投研信息。 焦点回顾： 新消费赛道，饮料品牌受关注。 上周， 从事椰水全产业链业务的泰国IMCOCO集团，近期宣布完成亿 元级Pre-A轮融资。此轮融资由Insignia Ventures Partners领投，天图资本跟投。此外，立吉团宣 布已完成天使轮融资，融资额达1000万元，投资方为深圳市冠峰永越投资有限公司。 36氪消息， 从事椰水全产业链业务的泰国IMCOCO集团，近期宣布完成亿元级Pre-A轮融资。此轮融 资由Insignia Ventures Partners领投，天图资本跟投。 立吉团科技完成天使轮融资 近日， 陕西立吉团科技有限公司（简称：立吉团）宣布已完成天使轮融资，融资额达1000万元，投资 方为深圳市冠峰永越投资有限公司。 未名拾光完成近亿元战略融资 近日，未名拾光宣布完成战略轮近亿元人民币融资，由欧莱雅集团与纳爱斯集团共同投资。 硬科技赛道，卫星通信成新宠。 上周，卫星物联网运营商鹏鹄物宇正式完成A轮融资，整体融资金额 已 ...

Group 1 - The Hong Kong stock market opened lower on May 26, with semiconductor stocks like SMIC and Hua Hong Semiconductor showing activity during the session [1] - The Hang Seng Technology Index ETF (513180) in A-shares experienced a decline, with major holdings such as Meituan, Li Auto, BYD Electronics, and Xiaomi leading the losses, while Tencent Music, Bilibili, Hua Hong Semiconductor, and SMIC led the gains [1] - A major restructuring is underway for domestic computing leaders, with Haiguang Information and Zhongke Shuguang announcing plans for a significant asset restructuring, involving a share swap and fundraising [1] Group 2 - The Hang Seng Technology Index ETF (513180) is leading in both scale and liquidity among A-share ETFs, supporting T+0 trading, and includes a mix of soft and hard technology assets [2] - Positive external conditions and strong Q1 financial reports from tech giants like Tencent, JD.com, and NetEase are expected to catalyze growth in the Hong Kong market, suggesting that the Hang Seng Technology Index may have greater upward momentum [2] Group 3 - According to Guotai Junan, the activity of mergers and acquisitions has significantly increased since the release of the "Six Guidelines for Mergers," with the number of major asset restructuring plans in 2025 being 3.3 times that of the same period in 2024, and completed transactions exceeding 200 billion yuan, which is 11.6 times that of 2024 [1] - The institution recommends focusing on quality asset restructuring in strategic emerging industries such as semiconductors and high-end equipment, as well as specialized integration in energy resources and public services [1]